Gas prices in the Meadville area have decreased by about 3 cents per gallon over the past week, averaging $3.70 per gallon. Meanwhile, the state average has fallen by 5 cents, bringing it to $3.56 per gallon.
GasBuddy’s survey of 5,269 stations in Pennsylvania revealed that prices are now 10.1 cents per gallon lower than a month ago and 34.6 cents per gallon lower than a year ago. The cheapest gas station in Pennsylvania priced its fuel at $3.09 per gallon, while the most expensive was at $4.39 per gallon.
Nationally, the average price of gasoline has decreased by 3.5 cents per gallon over the past week, now averaging $3.44 per gallon. This is 5.6 cents per gallon lower than a month ago and 37.2 cents per gallon lower than a year ago.
Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the situation: “With oil prices plummeting due to new concerns over the U.S. economy after a poor jobs report, gasoline prices have seen a downside in many states. There is potential for more states to join this trend as previous refinery disruptions in the Great Lakes region fade away and the restart process begins.”
De Haan also mentioned the impact on diesel prices and Tropical Storm Debby: “Diesel prices have continued to drop. While Tropical Storm Debby is causing heavy rain in Florida and the Southeast, it poses a low risk to refineries or refined product pipelines, so the storm is not a major concern. The Middle East remains on alert after Israel’s attacks on Hamas and Hezbollah, which could impact oil prices. However, with an inability to predict the outcome, I expect gasoline prices in most states to gently decline in the week ahead, with the Middle East situation being a wildcard.”
Here are the current gas prices from around the region:
Andover, Ohio: Average price is $3.34 per gallon.
Ashtabula, Ohio: Prices as low as $3.39 per gallon.
Edinboro: Prices as low as $3.49 per gallon.
Erie: Average price is $3.64 per gallon, with prices as low as $3.49.
Mercer: Average price is $3.82 per gallon.
New Castle: Average price is $3.67 per gallon.
Oil City: Average price is $3.83 per gallon.
Pittsburgh: Average price is $3.74 per gallon.
Saegertown: Average price is $3.79 per gallon.
Warren: Average price is $3.84 per gallon.
Waterford: Prices as low as $3.57 per gallon.